Health Savings Account Limits for 2013 Published

The IRS recently distributed information about the adjustments to Health Savings Accounts (HSAs) for 2013.  These limits adjust annually based upon inflation calculations (if inflation is present).

For 2013, the annual contribution limit for self-only coverage is $3,250, which is an increase of $150 over the figure for 2012.  For an individual with family coverage, the limit in 2013 is increased by $200 to $6,450.

The deductibles for HSA accounts are also increased in 2013:  $1,250 for self-only coverage, and $2,500 for family coverage.  This is an increase of $50 and $100 for each deductible, respectively.

Lastly, the out-of-pocket expense limit for self-only coverage is $6,250 in 2013, an increase of $200.  Family coverage out-of-pocket maximum is $12,500 (up from $12,100 in 2012).  This limit is for deductibles, co-payments, and other amounts, but not premiums.

About the author

Jim Blankenship, CFP®, EA

Jim Blankenship is the founder and principal of Blankenship Financial Planning, Ltd., a financial planning firm providing hourly, as-needed financial planning and advice. A financial services professional for over 25 years, Jim is a CFP professional and has earned the Enrolled Agent designation, a designation that qualifies him as enrolled to practice before the IRS. Jim is also a NAPFA-registered financial advisor, which designates him as a Fee-Only Financial Advisor.

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